GBP/JPY – 1H – BUYThe combination breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 189.50400 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 186.68500 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.35400 |
| 2nd High | 189.77500 |
| Next High | 189.50400 |
| Current Price | 189.61900 |
| Next Low | 186.68500 |
| 2nd Low | 185.81900 |
| 3rd Low | 185.28300 |